Acorns may refer to: Plural of acorn , the nut of the oak tree Acorns company , a micro-investing and robo-advisor financial company Acorns suit , one of the four suits in German pattern playing cards Acorns Children's Hospice , a charity in England Springfield Acorns , a minor league American football team in Springfield, Massachusetts See also [ edit ] Acorn disambiguation Little Acorns disambiguation Topics referred to by the same term.
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Namespaces Article Talk. The company divides its services into three primary categories. The first enables members to invest spare change in exchange-traded funds ETFs. Acorns is a fintech company that is best known as a micro-investing platform that allows users to set up automated investments into a portfolio through Round-Ups: Acorns rounds up a debit or credit card purchase made on a linked card to the nearest dollar and invests the change on behalf of the member.
Acorns appeals to millennials, as well as other people new to the world of investing, who may not have significant capital to put toward their retirement. Acorns' goal is to enable users to invest early and often and with minimal effort. As of March , Acorns had more than 6.
According to Crunchbase, Acorns has had 10 funding rounds. Acorns' valuation has surpassed that of fintech rival Betterment. Acorns was founded by father-and-son entrepreneurial team Walter and Jeff Cruttenden and launched in In October , Acorns announced that it was partnering with online job market ZipRecruiter.
The partnership will allow Acorns' users to browse and apply for jobs within its app. In , Acorns began a new partnership with CNBC to make more information on investing and finance available to a broader audience through Acorns' Grow website. As of June , Kerner indicated that Acorns was not seeking to go public.
As part of our effort to improve the awareness of the importance of diversity in companies , we offer investors a glimpse into the transparency of Acorns and its commitment to diversity, inclusiveness, and social responsibility. We examined the data Acorns releases. It shows Acorns does not disclose any data about the diversity of its board of directors, C-Suite, general management, and employees overall.
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